Telefónica Reports 11.3% Revenue Decline in Latin America Amid Strategic Divestments

Telefónica has reported an 11.3% revenue decline in its Latin American unit, significantly impacting its financial performance amid strategic divestments, particularly in key markets like Chile and Mexico.

• Telefónica recorded a revenue drop of 11.3%, totaling US$3,627.6 million in its Hispanic America unit during the first nine months of the year.
• In Chile, Telefónica experienced a 2.8% revenue decline, despite improvements in contract customers and broadband services.
• Telefónicas Hispanic America unit constitutes 12% of the groups overall income, underscoring its importance amid ongoing strategic divestments in various markets, including Venezuela and Mexico.